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The Forum > Article Comments > The eternal lure of gold > Comments

The eternal lure of gold : Comments

By Steven Schwartz, published 28/12/2022

Gold has been called a 'barbarous relic', an ancient atavism. Yet, it is still bought, sold, and traded in every corner of the world. What lies behind the lure of gold?

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Yup, Gold is worth its weight in gold. I'd like a couple of ingots. Each one worth around a million bucks. Gold reduces inflation given gold rises with other commodities.

The American dollar retains its value due exclusively to the tons of gold held in reserve in Fort Knox!

We should save our remaining gold and create our own reserve to protect our economy from currency traders.
Alan B.
Posted by Alan B., Wednesday, 28 December 2022 4:36:06 PM
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A few facts on gOld.
It doesnít tarnish, itís a very superior conductor and can be beaten so thin that one ounce (Troy) will cover a football field, itís an excellent plating material though not as abrasion resistant as nickel or chrome, it is transparent at its thinest and is used in electrically heated wind shields on expensive cars and on aircraft, also good for long lasting jewellery.
Posted by Is Mise, Wednesday, 28 December 2022 5:30:33 PM
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Alan B.,
>The American dollar retains its value due exclusively to the tons of gold held in reserve in Fort Knox!

That was arguable half a century ago, but it's completely false now.

>We should save our remaining gold and create our own reserve to protect our economy from currency traders.

Our economy doesn't need protection from currency traders, and we shouldn't waste our resources acquiring non productive assets!
Posted by Aidan, Thursday, 29 December 2022 9:50:14 AM
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we shouldn't waste our resources acquiring non productive assets!
Aidan,
Not just assets !
Posted by Indyvidual, Thursday, 29 December 2022 5:47:25 PM
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